Íslandsbanki hf.: Transactions in relation to a Share Repurchase Programme
Kurs & Likviditet
Prenumeration
Beskrivning
| Land | Island |
|---|---|
| Lista | Large Cap Iceland |
| Sektor | Finans |
| Industri | Storbank |
Reference is made to an announcement from Íslandsbanki hf, published 17 February 2023 regarding the launch of a Share Repurchase Programme.
In week 9 Íslandsbanki hf. (the Bank) purchased in total 2,289,141 own shares for the total amount of ISK 284,264,009 as follows:
| Week | Date | Time | Purchased shares | Price | Purchase Price (ISK) | Total own shares | Total Purchase Price (ISK) |
| 9 | 27.2.23 | 11:01:48 | 6,329 | 125 | 791,125 | 2,570,751 | 326,471,828 |
| 9 | 27.2.23 | 11:08:17 | 1,265 | 125 | 158,125 | 2,572,016 | 326,629,953 |
| 9 | 27.2.23 | 11:11:11 | 12,658 | 125 | 1,582,250 | 2,584,674 | 328,212,203 |
| 9 | 27.2.23 | 12:21:56 | 500 | 125 | 62,500 | 2,585,174 | 328,274,703 |
| 9 | 27.2.23 | 12:31:58 | 4,000 | 125 | 500,000 | 2,589,174 | 328,774,703 |
| 9 | 27.2.23 | 12:45:22 | 7,658 | 125 | 957,250 | 2,596,832 | 329,731,953 |
| 9 | 27.2.23 | 13:10:43 | 200,000 | 125.4 | 25,080,000 | 2,796,832 | 354,811,953 |
| 9 | 27.2.23 | 13:45:47 | 3,000 | 125 | 375,000 | 2,799,832 | 355,186,953 |
| 9 | 27.2.23 | 13:50:07 | 3,797 | 124.6 | 473,106 | 2,803,629 | 355,660,059 |
| 9 | 27.2.23 | 13:59:53 | 6,329 | 124.6 | 788,593 | 2,809,958 | 356,448,652 |
| 9 | 27.2.23 | 14:05:48 | 2,500 | 124.6 | 311,500 | 2,812,458 | 356,760,152 |
| 9 | 27.2.23 | 14:19:40 | 3,000 | 124.6 | 373,800 | 2,815,458 | 357,133,952 |
| 9 | 27.2.23 | 14:34:44 | 150,000 | 125.4 | 18,810,000 | 2,965,458 | 375,943,952 |
| 9 | 27.2.23 | 14:47:41 | 5,000 | 124.6 | 623,000 | 2,970,458 | 376,566,952 |
| 9 | 27.2.23 | 15:14:24 | 4,500 | 124.6 | 560,700 | 2,974,958 | 377,127,652 |
| 9 | 27.2.23 | 15:16:00 | 4,000 | 124.6 | 498,400 | 2,978,958 | 377,626,052 |
| 9 | 27.2.23 | 15:21:08 | 1,000 | 124.6 | 124,600 | 2,979,958 | 377,750,652 |
| 9 | 28.2.23 | 09:51:20 | 450 | 123.8 | 55,710 | 2,980,408 | 377,806,362 |
| 9 | 28.2.23 | 10:14:35 | 100,000 | 124.4 | 12,440,000 | 3,080,408 | 390,246,362 |
| 9 | 28.2.23 | 10:57:51 | 3,000 | 124 | 372,000 | 3,083,408 | 390,618,362 |
| 9 | 28.2.23 | 11:37:02 | 3,000 | 124 | 372,000 | 3,086,408 | 390,990,362 |
| 9 | 28.2.23 | 11:51:05 | 100,000 | 124.4 | 12,440,000 | 3,186,408 | 403,430,362 |
| 9 | 28.2.23 | 12:06:08 | 1,612 | 124 | 199,888 | 3,188,020 | 403,630,250 |
| 9 | 28.2.23 | 12:13:35 | 3,000 | 124 | 372,000 | 3,191,020 | 404,002,250 |
| 9 | 28.2.23 | 13:06:07 | 5,433 | 124 | 673,692 | 3,196,453 | 404,675,942 |
| 9 | 28.2.23 | 13:19:21 | 100,000 | 124.2 | 12,420,000 | 3,296,453 | 417,095,942 |
| 9 | 28.2.23 | 13:54:51 | 3,500 | 123.8 | 433,300 | 3,299,953 | 417,529,242 |
| 9 | 28.2.23 | 14:12:40 | 3,000 | 123.8 | 371,400 | 3,302,953 | 417,900,642 |
| 9 | 28.2.23 | 14:45:58 | 2,000 | 123.8 | 247,600 | 3,304,953 | 418,148,242 |
| 9 | 28.2.23 | 14:56:59 | 150,000 | 124 | 18,600,000 | 3,454,953 | 436,748,242 |
| 9 | 28.2.23 | 15:01:29 | 75,005 | 123.6 | 9,270,618 | 3,529,958 | 446,018,860 |
| 9 | 28.2.23 | 15:15:33 | 2,000 | 123.2 | 246,400 | 3,531,958 | 446,265,260 |
| 9 | 1.3.23 | 11:11:49 | 150,000 | 124.8 | 18,720,000 | 3,681,958 | 464,985,260 |
| 9 | 1.3.23 | 11:12:12 | 50,000 | 124.4 | 6,220,000 | 3,731,958 | 471,205,260 |
| 9 | 1.3.23 | 11:14:35 | 50,000 | 124.4 | 6,220,000 | 3,781,958 | 477,425,260 |
| 9 | 1.3.23 | 12:24:38 | 3,000 | 124 | 372,000 | 3,784,958 | 477,797,260 |
| 9 | 1.3.23 | 14:17:21 | 2,000 | 124 | 248,000 | 3,786,958 | 478,045,260 |
| 9 | 1.3.23 | 14:38:10 | 150,000 | 124.2 | 18,630,000 | 3,936,958 | 496,675,260 |
| 9 | 1.3.23 | 15:05:13 | 3,000 | 124 | 372,000 | 3,939,958 | 497,047,260 |
| 9 | 1.3.23 | 15:10:35 | 2,000 | 124 | 248,000 | 3,941,958 | 497,295,260 |
| 9 | 1.3.23 | 15:17:18 | 796 | 124 | 98,704 | 3,942,754 | 497,393,964 |
| 9 | 1.3.23 | 15:17:57 | 39,204 | 124 | 4,861,296 | 3,981,958 | 502,255,260 |
| 9 | 1.3.23 | 15:29:57 | 20,565 | 123.8 | 2,545,947 | 4,002,523 | 504,801,207 |
| 9 | 2.3.23 | 10:35:41 | 12,658 | 123 | 1,556,934 | 4,015,181 | 506,358,141 |
| 9 | 2.3.23 | 10:37.31 | 87,342 | 123 | 10,743,066 | 4,102,523 | 517,101,207 |
| 9 | 2.3.23 | 13:53:38 | 150,000 | 123 | 18,450,000 | 4,252,523 | 535,551,207 |
| 9 | 2.3.23 | 14:02:30 | 100,000 | 122.4 | 12,240,000 | 4,352,523 | 547,791,207 |
| 9 | 2.3.23 | 14:32:45 | 75,000 | 122.8 | 9,210,000 | 4,427,523 | 557,001,207 |
| 9 | 2.3.23 | 15:10:43 | 5,000 | 122.6 | 613,000 | 4,432,523 | 557,614,207 |
| 9 | 2.3.23 | 15:17:53 | 4,000 | 122.6 | 490,400 | 4,436,523 | 558,104,607 |
| 9 | 2.3.23 | 15:29:36 | 8,040 | 122.6 | 985,704 | 4,444,563 | 559,090,311 |
| 9 | 3.3.23 | 10:58:15 | 4,000 | 123.6 | 494,400 | 4,448,563 | 559,584,711 |
| 9 | 3.3.23 | 11:20:19 | 5,000 | 124 | 620,000 | 4,453,563 | 560,204,711 |
| 9 | 3.3.23 | 11:34:11 | 200,000 | 124 | 24,800,000 | 4,653,563 | 585,004,711 |
| 9 | 3.3.23 | 12:15:04 | 100,000 | 124.4 | 12,440,000 | 4,753,563 | 597,444,711 |
| 9 | 3.3.23 | 14:53:46 | 100,000 | 125 | 12,500,000 | 4,853,563 | 609,944,711 |
| 2,289,141 | 284,264,009 |
The purchase of own shares is made in accordance with the Bank‘s Share Repurchase Programme which was announced 17 February 2023 on Nasdaq Iceland (the Programme).
Before the purchase the Bank owned 2,564,422 own shares, or 0.13% of issued shares. Under the Programme the Bank has purchased in total 4,853,563 own shares or 0.24% of issued shares and the total purchase price thereunder is ISK 609,944,711.
The Programme aims to repurchase own shares for the maximum amount of 11 million shares or 0.55% of issued shares, the total amount of repurchased shares however not exceeding ISK 1,650,000,000 in total. The Programme launched on 20 February 2023 and remains in force until 15 March 2023 unless the conditions on the maximum amount will be met before that time.
The Programme will be carried out in accordance with the applicable law, including the Act on limited liability companies No. 2/1995, Regulation No. 596/2014 of the European Parliament and of the Council on market abuse, Commission delegated regulation (EU) 2016/1052 of 8 March 2016, the Act on Measures Against Market Abuse No. 60/2021 and regulation 320/2022 on the same subject. The approval of the Financial Supervisory Authority of the Central Bank of Iceland for the Bank’s repurchase of own shares has been obtained.
For further information please contact:
Investor Relations – Bjarney Anna Bjarnadóttir, ir@islandsbanki.is
Public Relations – Edda Hermannsdóttir, pr@islandsbanki.is
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About Íslandsbanki
With a history that dates from 1875, Íslandsbanki is an Icelandic universal bank with a strong customer focus. The Bank believes in moving Iceland forward by empowering its customers to succeed - reflecting a commitment to run a solid business that is a force for good in society. Driven by the ambition to be #1 for service, Íslandsbanki’s banking model is led by three business divisions that build and manage relationships with its customers. Íslandsbanki maintains a strong market share with the most efficient branch network in the country, supporting at the same time its customers’ move to more digital services. The Bank operates in a highly attractive market and, with its technically strong foundations and robust balance sheet, is well positioned for the opportunities that lie ahead. Íslandsbanki has a BBB/A-2 rating from S&P Global Ratings. The Bank’s shares are listed on Nasdaq Iceland Main Market.
Disclaimer
This press release may contain “forward-looking statements,” involving uncertainty and risks that could cause actual results to differ materially from results expressed or implied by the statements. Íslandsbanki hf. undertakes no obligation and does not intend to update these forward-looking statements to reflect events or circumstances occurring after this press release. It is the investor's responsibility to not place undue reliance on these forward-looking statements which only reflect the date of this press release. Forward-looking statements should not be considered as guarantees or predictions of future events and all forward-looking statements are qualified in their entirety by this cautionary statement.